Budget Associate The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond-infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
AIIB's Strategy, Policy and Budget (SPB) Department is responsible for
1. developing and monitoring the implementation of the Bank's strategic agenda;
2. developing and overseeing compliance with the Bank's operational policies and procedures for the Bank's infrastructure investment operations (non-treasury), including environmental, social, procurement and financial management; and
3. developing and monitoring the Bank's annual Business Plan and Budget to implement the Bank's corporate strategy and manage the Bank's administrative budget to support the implementation of the annual business plan and ensure judicious use of resources.
SPB requires a Budget Associate who will work closely with other members of SPB Budget team in assisting Management to strategically plan and manage AIIB's budgetary resources to support implementation of AIIB's Corporate Strategy and business priorities.
The Budget Associate will be responsible for supporting the entire budget management process to ensure resources are effectively directed toward strategic priorities and executed in the most efficient way. The Budget Associate will participate in or lead key projects or proposals to assist Management's decisionmaking and improve the Bank's process in strategic resource planning and allocation.
Responsibilities:
- Support the full cycle of budget management, i.e., annual budget planning, monitoring, reporting and controlling the Bank's administrative and capital budgets;
- Support advancements in cost accounting to deepen understanding of cost of doing different types of business and assist in strategic resource planning, including cost tracking, cost allocation, management reports, system improvements, data quality, etc.;
- Help improve budget controls and reporting through process improvements and optimization of SAP SAC, SAP S4HANA and surrounding systems throughout the entire planning to execution to report process;
- Support the delivery of certain budget management-related tasks, e.g. reviewing major expenditure, benchmarking, long-term cost projection, outsourcing planning, updating policy/procedures;
- Participate in other large projects representing the SPB Budget team in driving cost efficiency, advancing strategic resource allocation and other major corporate development initiatives;
- Assist in advising Management on budget matters and respond to ad hoc requests from business stakeholders across the Bank.
Requirements:
- Minimum requirement of a bachelor's, preferably a master's degree or equivalent in business administration, finance, accounting or economics, or other related fields; relevant qualifications (e.g. CPA, ACCA, CIMA, CFA) would be an advantage;
- Minimum 3 to 5 years of experience in business planning, budgeting, cost management and/or financial planning and analysis, and experience in dealing with relevant financial systems in financial services industry and/or MDBs, or in global consultancy firms focusing on large financial services clients;
- Substantial knowledge and understanding of resource allocation and its linkage with core operations, finance, and strategy and business plan setting and implementation;
- Proven track record and demonstrated technical competence with a global financial institution, top-tier professional service firm or complex multinational company, preferably experience in financial and strategic planning; Passion for international development;
- Excellent oral and written communication skills in English, proven experience in business writing for senior management and board level papers;
- Superior skills in Excel, PowerPoint and analytical tools, and strong analytical skills;
- Good team player with strong initiative;
- Good interpersonal and influencing skills to manage diverse stakeholders and ability to build consensus;
- Proven ability to multitask, work under pressure and meet tight deadlines.
AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability, or sexual orientation.
Join in AIIB's mission to promote sustainable infrastructure investments and to improve social and economic outcomes in Asia and beyond.
Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.
ALL CURRENT VACANCIES * Closing Date: All opportunities close at 11:59 p.m. (GMT+8) on the dates listed.
** Job Type: Recruitment of staff is conducted through a merit-based competitive selection process. AIIB shall strive to provide employment opportunities open to all suitably qualified applicants, regardless of religion, gender, race, disability, sexual orientation or nationality.